Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for August 11, 2011

/IRBIS, August 11, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for August 11, 2011. The analysts expect negative opening of trading on KASE amid fall of prices for stocks and depository receipts of Kazakhstani issuers in London the past day. During the day, according to the forecasts, the dynamics of stocks included into KASE index, will be mixed and multidimensional, but KASE index will end the day with decrease. Analysts of JSC "BCC Invest" expect the following developments on Kazakhstani market today: - Over 7 months of 2011 industrial production in Kazakhstan increased by 4.8%. In January-July 2011 compared to same period in 2010 increased production of coal, natural gas, crude oil and metal ores. The production of food, tobacco, building materials, machinery, chemical and metallurgical industries. The production growth was observed in 13 regions. Decrease was recorded in the South Kazakhstan, Kostanai and Pavlodar regions. - Ministry of Finance of Kazakhstan placed on KASE August 10 12.0 million of MEUKAM -84 under the tenth issue of 3.85% per annum. August 10, 2011 in the trade system of KASE was held specialized auction on placement of long- term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-84 of release 10, with a maturity of 7 years (2520 days) and a frequency of coupon payment every year. In the total of active orders, the proportion of pension market had 22.7%, the share of Kazakhstan commercial banks (STB) - 30.0%, clients of STB - 42.7%, broker-dealers - 1.7%, their clients - 2.8%. According to the JSC "Central Depository of Securities" (Almaty), all transactions on placement of MEUKAM-84 tenth issue by the end of calculations based on the results of trades executed. 17.1% of the total bonds were purchased by pension market subjects, 4.9% - STB, 68.9% - STB clients, 9.1% - clients of broker-dealers. - August 15, 2011 in the trade system of KASE took place trades dedicated to placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-132 of issue 4 on the following terms (Almaty time): Paper Type: MEUKAM-132 National identification number: KZKDKY110044 Order number: 4 / 132 Stock code: KASE: MUM132_0004 Face value, KZT: 1,000.00 The volume of bonds in circulation, ea.: 8,000 ,000 Payment date: 15/08/11 Date of circulation start: 09.06.11 Last circulation date: 06/08/22 Maturity date: 06/09/22 Circulation period: 11 years (3,960 days) Coupon: 4.93% pa Coupon frequency: 1 per year Coupon payment date: 09 June annually Time base: 30 / 360 Declared level of accommodation, number: 10,000,000 The subject of bargaining: "net" price of Bond The degree of satisfaction of market orders,%: 70 Submission method: closed Receipt time: 09:00-11:00 Confirmation time: 09:00-11:30 (T +0) Time cut-off: 15:00 (T +0) Payment time: 15:00 (T +0) Acceptance method: the cut-off price Analysts of JSC "BCC Invest" expect the following developments on international markets today: - at 12:00 (AST) in Germany will be published wholesale price index data for July. At 14:00 (AST) will be published by the European Central Bank report. - in the United States at 18:30 (AST) to be published data on the number of requests for unemployment benefits. - today the following companies will be reporting: 21st Century Holding Co., Nvidia Corp. and Wendys Co., and others. Analysts of BCC Invest JSC are giving the following advice for investors in securities of issuers in internal market: ------------------------------------------------------------- Closing Target Potential, Issuer Code price price % Recommen- dation ----------------- ------- ------- ------ ---------- --------- Kazkommertsbank KKGB 326.35 545 +67.00 Hold KKGBp 144 168 +16.67 Neutral Halyk Bank HSBK 240.75 415 +72.39 Hold Bank CenterCredit CCBN 444.05 608 +36.92 Buy Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 15,100 20,500 +35.76 Buy Kazakhmys PLC GB_KZMS 2,500 3,500 +40.00 Hold ENRC PLC GB_ENRC 1,550 2,200 +41.94 Buy Kazakhtelekom KZTK 17,001 Review KZTKp 7,800 9,300 +19.23 Hold MREK MREK 3,000 1,130 -62.33 Hold ------------------------------------------------------------- The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. IRBIS Agency doesn't take responsibility for the opinions which are in given material. [2011-08-11]